Author Topic: PSA: Chase Seems To Be Tightening Small Business Credit Card Applications  (Read 3568 times)

Offline Joel

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You have better chance if you have some money in CHASE accounts. How much I don't know. I would try 10k avg balance for a month.
I am confused is it 10k or 50k? ::)
The DP we should be looking for is people with 50-100k invested with them for at least 6 months if they got rejected or approved.
No point in arguing if you need 50k or a million... 
Chase business approvals are extremely tough now. GL.

Offline Joel

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Your original link already provided DP for reasons people got rejected. If you even care to read it (of fact check even from this site), it supports all my points.Like I said for the 3rd time. If you are greedy for information and too lazy to fact check, it's on you. But please don't try to force your bias into others, especially if you don't even do fact checking at all. Your own link says enough.
Well after reading some recent DPs on Doc it seems like your even more wrong..
The DP we should be looking for is people with 50-100k invested with them for at least 6 months if they got rejected or approved.
60K did not help this guy..
https://www.doctorofcredit.com/chase-seems-to-be-tightening-small-business-credit-card-application/#comment-983543

Offline ExGingi

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Credit is tightening. I'm not sure why it's only business card applications at this point (maybe fear of businesses going belly up). But there's definitely also tightening in the mortgage market:

I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Dan

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Credit is tightening. I'm not sure why it's only business card applications at this point (maybe fear of businesses going belly up).
Businesses are all a major delinquency risk factor right now.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ExGingi

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Businesses are all a major delinquency risk factor right now.

Indeed. OTOH quite a few individuals I know have lots of extra liquidity and actual $$$ as a result of various stimulus programs and the CARES act. The question is how long will that last for the individuals, hence the tightening on the mortgage side.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline joey89

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Nope, have way too many Chase business cards open right now.
Tried for Citi AA Biz and was rejected as my wife has one for the same business.

So itís one per business and per person? Or can you get multiple of the same Citi cards for different businesses?

Offline Baglach

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Businesses are all a major delinquency risk factor right now.
Was waiting to get the ink for a while just got out of 5/24, any point in trying with legit business (EIN) and my personal score is over 800?

Offline Dan

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Was waiting to get the ink for a while just got out of 5/24, any point in trying with legit business (EIN) and my personal score is over 800?
Nope. They're not approving business cards now. And I don't see that changing this year.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ExGingi

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Nope. They're not approving business cards now. And I don't see that changing this year.

Would that be a reason not to shut down an Ink Plus that just got billed for an AF?

Also, if they're not approving business cards, why do they have the applications active online?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Dan

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Would that be a reason not to shut down an Ink Plus that just got billed for an AF?

Also, if they're not approving business cards, why do they have the applications active online?
You can always downgrade to a no-AF, though you can't get IP back again.
They took regular applications offline and require logging in. I'm not saying an approval is impossible, only that for 99.9% of people it will be impossible.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ExGingi

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You can always downgrade to a no-AF, though you can't get IP back again.
They took regular applications offline and require logging in. I'm not saying an approval is impossible, only that for 99.9% of people it will be impossible.

Any point in downgrading to another no-AF ink (I already have 2) rather than just consolidating? What's the advantage of the Ink Plus over the current Ink offerings?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Dan

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Any point in downgrading to another no-AF ink (I already have 2) rather than just consolidating? What's the advantage of the Ink Plus over the current Ink offerings?
1. Which Inks do you have?
2. No forex, higher 5x limit, different categories.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Online justmeha

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Would that be a reason not to shut down an Ink Plus that just got billed for an AF?
i wouldn't

Offline fresar

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I got approved today for a chase ink card.

Offline Joel

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I got approved today for a chase ink card.
Nice! Do you mind sharing the details
Which card?
Real business? Or sole prop
Age of business?
Reported income?
Your history with chase